GARUTTI RANDALL J 4

What Happened Randall J. Garutti, a director of Block, Inc. (XYZ), was granted 3,682 restricted stock units (RSUs) on June 16, 2026. The grant is reported as an award (code A) with an acquisition price of $0.00 — RSUs are a form of compensation, not an open-market purchase. Each RSU represents a contingent right to one share of Class A common stock upon settlement.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (appears timely).
• Amount: 3,682 RSUs granted; reported acquisition price $0.00.
• Vesting: 100% of RSUs vest on the earlier of June 16, 2027 or the date of the issuer’s next annual meeting of stockholders (per footnote).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Grant is an automatic annual RSU award under the Issuer’s Outside Director Compensation Policy.

Context This is routine non-cash director compensation (annual RSU award) rather than a market purchase or sale. The economic value will depend on Block’s share price when the RSUs settle after vesting; such awards are commonly used to retain directors and align their interests with shareholders.